UFG PE Fund II Receives $50m Commitment from the EBRD

Citing renewed confidence in the strengthening Russian economy, the European Bank for Reconstruction and Development (EBRD) has agreed to a USD 50 million (€ 36 million) investment in UFG Asset Management’s UFG Private Equity Fund II. UFG Private Equity is to be headed up by Robert Sasson & Charles Ryan both of whom have previous ties to the EBRD.

The deal brings the EBRD’s total investments in Russian focused funds to more than USD 900 million since 1993. The Bank’s commitment to Russia is aimed at insuring the availability of funding during the current economic crisis, a goal which is consistent in all countries where the EBRD is active.

UFG Private Equity Fund II (www.ufg-peq.com)
UFG Private Equity Fund II was launched in early 2009 with a target size of USD 200 million. It recently had its first closing at USD 150 million and expects final closing by December of this year. With no specific sectors being singles out for investment, the fund plans a diversified portfolio with stakes in mid-market companies. They plan to make investments over the next three years with an average disposal period of 2-5 years per investment.